Mayweather sues Showtime for $340 Million

[CodeBlaMeVi]

Paramount Plus merged with Showtime. I have a hard time believing that Paramount didn't look at Showtimes books dating back 10 years ago. If Paramount had any speculation, or ed flag about something like this, would they even have done business with Showtime?

Just my opinion, best of luck to the homie Floyd because it looks like he might have to get in that ring again.

CBS (the parent company of Showtime) is a publicly traded company that is required by federal law to have their financial statements independently audited costing them millions of dollars lost their records in a flood?

He said Showtime told him that?

He earned $1.2B and 28.5% just flew under the radar? That’s less than the tax bracket he’s under. He got paid cash so he couldn’t evade taxes if he tried plus claiming deductions would not help since he let us know he was spending way more than investing. I forgot about NY skyscrapers he owned.

I won’t say outright he was not stolen from but $345M is egregious.

 

[MoveForward]

I hate to say this but I see OnlyFans in his oldest daughter’s immediate future.

 

[Danie84]

The Minimal Team

 

[Eternally Jaded]

Would hate to see someone who put their body on the line go broke in old age due to stupid spending but.....Floyd has longtime been the worst type of rich guy..

The see me spender.

You cannot move like that in general, much less as a person who lacks the skills to really protect themselves via reading ability, etc.

There's no reason he had a private jet.

Or a fleet of cars.

You get on, the first thing you do is lower your overhead.

Taxes, insurance, maintenance and storage etc is all overhead and that devours your money quickly.

 

[King Poetic]

Giving Power of Attorney to people is the highest risk for any of these athletes

This is why its very important u get in contact with other top athletes who have had good agents, advisors before you give POA to others

 

[King Poetic]

This is why Al Haymon stay low key and away from media

These boxers, NFL, NBA and other dudes stay giving these dudes the rights to their accounts and believe they money is straight

Like i said earlier, sit down and follow where your money is going every day and just don’t let these so called I TRUST THIS MOTHERfukkER PERSON TO HANDLE MY FINANCIAL SITUATIONS

Whats the problem sitting down a couple hours a day looking at your paper trail

 

[King_Kamala61]

Idk…..

There are multiple stories of people trying to screw him out of his money or refusing to sell certain assets to him like property in Manhattan. We don't know if he tried to buy art and even if he did we don't know how much it has or has not appreciated.

I've been around art collectors big and small...them shyts is trophies. They throw parties for new acquisitions lol. Trust if Floyd bought a Basquiat or Picasso or Warhol you would know about it. This is Money Mayweather. He would be vocal about it. His money was spent on cars.

Hell Tom Brady has a Basquiat.

 

[Wargames]

I've been around art collectors big and small...them shyts is trophies. They throw parties for new acquisitions lol. Trust if Floyd bought a Basquiat or Picasso or Warhol you would know about it. This is Money Mayweather. He would be vocal about it. His money was spent on cars.

Hell Tom Brady has a Basquiat.

Yeah but we don't know if he tried to buy art. There are multiple stories of him trying to get into real estate and people trying to Rip him off.

 

[Nigerianwonder]

How do you let $345M slip through the cracks?

Did it slip through the cracks or was it not reported properly to Floyd originally? Did showtime tell Al haymon the real number and paid Al and then Al told Floyd a lower number and kept the difference?

This is likely back end money that needed to be calculated before he was paid. If for example you get 20% of revenue and they tell you they made 1 billion you get 200 million. If 10 years later you found out they actually made 1.5 billion now they owe you 100 million more. Are you going to let it slide or are you gonna sue?

 

[Raw Lyrics]

He didn’t invest and buy appreciating assets except for his homes. He’s being bled dry.

Properties can also be a liability. People can go broke owning multiple properties if the books, among other things, aren't managed correctly.

 

[Raw Lyrics]

His arrogance was a double edged sword..it won him fights and fame, and equally evaporated it all.

He definitely was arrogant but I don't think he was arrogant in the ring. He displayed an extreme level of intelligence in the ring (the most I've ever seen in all my years of watching boxing). Arrogance would have gotten his ass knocked out. He did use arrogance to sell the fights though.

 

[desjardins]

A documentary about Al Haymon would be super interesting.

Do a dive into him coming from Cleveland and going to Harvard.
Examine his time in the music business and explain why he got ran out of it.
How did he integrate himself into boxing eventually building one of the major promotional companies.
Explore why he's so secretive, how did a dude who has like 1 picture on the internet and zero interviews form a cult following. He's the first boxing promoter that ever had stans
I've been following boxing closely for over 25 yrs which includes the entirety of PBC existence and Haymon's involvement in the sport....and I never heard his voice before

 

[SheWantTheD]

Imagine having all that money and cant read...

And everybody around you knows you cant read...

Mfs be handing him papers to sign like "dont worry about all them funny letters and shyt, you good champ"

You must be boo boo the fool to think he’s signing any contracts Willy nilly.

You won’t ever see homie’s level of success.

 

[King_Kamala61]

Yeah but we don't know if he tried to buy art. There are multiple stories of him trying to get into real estate and people trying to Rip him off.

Trust me ...Floyd wanted art he would've bought art. He bought everything else with that duffle bag of money he carried around.

Floyd isn't an art lover and thats cool. It's his money, but let me be honest....most athletes and entertainers wasn't in the art buying wave.

Grant Hills ain't plentiful out here...Carmellos either or the Swizz Beatz types either.

Jay dropped music talking bout buying art and Drake dumbass got to hating lol.

Black folk need to invest in fine art not movies and music...but visual arts. You are preserving your culture when you support a visual artist.

 

[Meowth tote da Uzi]

The article is about Floyd getting swindled out of 350 M's and suing as a result. How does that equate to him going broke?

You know these mfs simple breh. They think suing someone automatically means you're broke or going broke.